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    111 1St St Alabaster, AL 35007

    Sponsored
    For Sale
    $1,000,000

    Historic Downtown Alabaster Storefronts

    Property size:
    22,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents two vacant, historic storefront buildings totaling 22,500 square feet, situated on 111 and 101 1st Street North in Alabaster, Alabama. Built in 1945, these charming, two-story (plus full basements) Class B buildings offer significant potential for redevelopment or repurposing. The property features large storefront windows, high (10'+) ceilings, and roll-up bay doors, creating an open and adaptable layout. Conveniently located along US Highway 31, the property benefits from excellent visibility and accessibility. Zoned B-5, this property allows for a multitude of uses. Each building offers unique characteristics, with full basements providing additional storage or expansion possibilities. The asking price is $1,000,000, representing a price per square foot of $44.44. The property's two buildings sit on separate parcels, with APN numbers 13 7 35 4 402 013.000. This is a rare chance to acquire a significant piece of Alabaster's commercial history and capitalize on its prime location and versatile space. The property's convenient access to Interstate access and open layout make it ideal for a variety of retail or commercial ventures. Don't miss this chance to own a piece of Alabaster's vibrant commercial landscape.

    Property Features for 111 1St St

    General Information

    Property type
    Individual retail properties
    Square Feet
    22,500 SF
    Class
    B

    Building Details

    Year Built
    1945
    Buildings
    2
    Stories
    2
    Units
    2

    HighLights

    • Large storefront windows providing excellent street visibility.
    • High ceilings exceeding 10 feet.
    • Roll‑up bay door for convenient loading and unloading.
    • Easy access to major interstate highways.
    • Open floor plan offering versatile space.
    • Full basement with rear road access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alabaster
    County
    Shelby
    State
    Alabama
    Longitude
    -86.816115562103
    Latitude
    33.244270007461

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    FAQs

    What type of property is this?
    Individual retail property - Historic Downtown Alabaster Storefronts
    Where is this individual retail property located?
    The property is located at 111 1St St Alabaster, AL.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: Large storefront windows providing excellent street visibility.; High ceilings exceeding 10 feet.; Roll-up bay door for convenient loading and unloading.
    Request Owner's contact information
    111 1St St Alabaster, AL 35007
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    Alabaster, AL 35007
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    111 1St St Alabaster, AL 35007
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